The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.72 - Wholesale of metals and metal ores
200 jobs Number of planned job losses
Announcement Date
3 November 2009
Employment effect (start)
1 December 2009
Foreseen end date
31 March 2010
Description
Denmark's largest steel and technology wholesaler Lemvigh-Müller, with headquarters in Copenhagen, will lay off 200 of a total of 1650 employees in the company. As background to the redundancies the management states that, like all other businesses in this sector, they feel the impact of the economic crisis. Sales are significant lower and seven sales divisions will be merged into three. There is no information on the exact location where these jobs will be cut.
Sources
3 November 2009: Business.dk
Citation
Eurofound (2009), Lemvigh-Müller, Internal restructuring in Denmark, factsheet number 69798, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69798.
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